Crypto-friendly payments company Square recently started withholding a significant portion of its clients’ money as businesses continue to struggle to stay afloat in the ongoing pandemic, mainstream media reported.The firm, led by Bitcoin enthusiast and Twitter founder Jack Dorsey, said in its announcement on Tuesday that the move is an effort to protect them against “risky” transactions and customers who demanded refunds after payment.“We apply reserves on more ‘risky’ sellers, such as those...
Read More »Bancor Price Analysis: BNT Surges 15% in 24 Hours Despite Bitcoin’s Latest Drop
Bancor regained momentum after rising above a two-week resistance with 42% gains in a week.It may pull back to the previous breakout level if buying volume starts to decrease.An increase above the current daily high may trigger more positive actions on a short-term perspective.BNT/USD: Bancor Trades Nicely Above $1Key Resistance Levels: $1.33, $1.5, $1.7Key Support Levels: $1.118, $1, $0.92BNT/USD. Source: TradingViewEarlier this year, Bancor traded as low as $0.17 due to insufficient trading...
Read More »Save the Date: TradeON Summit Coming July 28
Join thousands of retail traders and brokers during an 18-hour live summit from the comfort of your home.Summer may have officially arrived but the trading volatility has shown no signs of slowing down. Join Finance Magnates and Forex Live for the virtual TradeON Summit 2020, taking place July 28, 2020.2020 has already proven to be one of the most unpredictable years in recent memory. These tumultuous times are the perfect backdrop for the largest virtual event of the year, with the TradeON...
Read More »SEBA Bank lanciert «Dual Currency Zertifikat auf Bitcoin/USD»: von der Bitcoin Volatilität profitieren
Die SEBA Bank hat ein Dual Currency Zertifikat auf Bitcoin/USD entwickelt. Dieses richtet sich an Investoren, welche von der hohen Schwankungs-breite von Bitcoin profitieren möchten. Die SEBA Bank startet damit eine Serie von regelmässigen Emissionen von strukturierten Produkten auf digitale Assets. Dem Sicherheitsbedürfnis der Investoren hinsichtlich einem möglichen Emittentenrisiko wird mit...
Read More »Uber Investor Jason Calacanis: Bitcoin’s 3x Trading Range is a Good Thing
In a recent podcast with Anthony “Pomp” Pompliano, the American entrepreneur and angel investor Jason Calacanis said that Bitcoin has been performing quite stable and promising lately. As such, he was even contemplating purchasing portions of the primary cryptocurrency.Calacanis: BTC’s Volatility Is Well In BalanceAs a former blogger, Calacanis founded Weblogs Inc in 2003 – a startup supported by an angel investment from billionaire Mark Cuban. After selling the project to AOL, Calacanis...
Read More »Cryptocurrency Exchange Bithumb Fires a Second Attempt at an IPO
The operator of the South Korean cryptocurrency exchange Bithumb plans to take the company public via an initial public offering (IPO), local reports indicate. To be successful, however, Bithumb has to overcome certain challenges, including taxation issues and investment protection.Bithumb Considers Another IPOAccording to the report from today, Bithumb Korea has selected the capital market company Samsung Securities as a listed host and has started the development work necessary for an IPO....
Read More »DeFi Hype: Balancer Sees 200% Increase Following Official BAL Token Deployment
Decentralized finance (DeFi) project Balancer Labs officially announced the launch of its native governance token BAL on the Ethereum mainnet, with the price of BAL tokens increasing significantly following the launch. Balancer Follows Compound’s LeadThe news of the BAL governance token launch was made by CEO and Co-founder of Balancer Labs, Fernando Martinelli, via a Medium blog post on Tuesday (June 23, 2020). According to the announcement, the team is employing an “on-chain governance...
Read More »Cardano (ADA) Price Analysis: Bulls Aiming Crucial Break above $0.09
ADA price is showing positive signs above the $0.0800 resistance zone against the US Dollar.The price is facing a significant resistance zone near the $0.0885 and $0.0900 levels.There was a break above a major bearish trend line with resistance near $0.0820 on the 4-hours chart (data feed via Kraken).The price must clear the $0.0900 resistance to continue higher towards $0.1000 in the near term.Cardano price is moving in a bullish zone above $0.0800 against the US Dollar, similar to bitcoin....
Read More »#910 Tim Drapers DeFi Investment, Bitcoin gegen Bargeld kaufen & BTC als Alternative zu Protesten
Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 910. Heute sprechen wir über folgende Themen: Tim Drapers VC-Fund investiert in DeFi-Protokolle, Bitcoin gegen Bargeld kaufen & BTC als Alternative zu Protesten. [embedded content] 1.) Tim Drapers VC-Fund investiert in DeFi-Protokollehttps://www.btc-echo.de/schlagzeilen/tim-drapers-vc-fund-investiert-in-defi-protokolle/ 2.) Mit dieser neuen App können User Bitcoin gegen Bargeld...
Read More »Bitcoin Price Analysis: BTC Signaling Bullish Continuation Above $9,880
Bitcoin price started a fresh increase above the $9,340 resistance against the US Dollar.The bulls succeeded in clearing the key $9,500 resistance zone and the 55 simple moving average (4-hours).There was a break above a crucial bearish trend line with resistance near $9,400 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair traded as high as $9,793 and it is currently correcting gains.Bitcoin price is back in a positive zone above $9,400 and $9,500 against the US...
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